Showing 1 - 10 of 58
Don't let politics mask economic woes
Oped, Chartchai Parasuk, Published on 26/06/2025
» As if economic problems in Thailand are not bad enough, political issues add to the complications. The worst is the split in the coalition. Even with an overwhelming majority of 314 (out of 493 parliamentary seats) prior to the break-up, the government could not push for many major policies, including the 10,000 baht cash handout scheme.
Homework for the new bank governor
News, Chartchai Parasuk, Published on 04/06/2020
» The term of the governor of the Bank of Thailand will expire on Sept 30 and as incumbent governor Veerathai Santiprabhob has announced he will not seek a second term citing family reasons, the selection process for his replacement has begun.
Financing FY 2026 deficit will fall short
News, Chartchai Parasuk, Published on 12/06/2025
» My message is short, loud and clear. There will not be enough money to finance FY 2026's 860 billion baht budget deficit. Without enough money, the budget will collapse and take the economy down with it. The government is learning the bitter lesson of drying up finance sources now, but budget financing will be in crisis in the 2026 fiscal year.
Thailand has lost its last growth engine
Oped, Chartchai Parasuk, Published on 29/05/2025
» Thailand has lost its last engine of growth and people are abandoning hope for a decent life.
Covid-19 stimulus may sink economy
Oped, Chartchai Parasuk, Published on 09/04/2020
» It is undeniable the Covid-19 outbreak is wreaking havoc on economies worldwide. To lessen the pain on their citizens and prevent economic free-fall into the recession trap, most governments are rolling out stimulus packages, typically consisting of cash handouts, wage compensation and concessional loans.
Thailand's financial system on the brink
Oped, Chartchai Parasuk, Published on 20/02/2025
» The issue of a financial crisis hitting Thailand is of grave importance. If it happens, it will push the Thai economy back by five years, triggering indescribable pain and suffering.
Money just does not fall from heaven
Oped, Chartchai Parasuk, Published on 21/01/2021
» It is a pitiful dilemma, isn't it? When the economy is in a bad shape, you want the government to spend money (more money, and lots of money) to help shore up the economy. Like we are seeing in our country now. Alas, by spending money (more money, and lots of money), the government itself induces another kind of economic crisis -- a liquidity crisis.
Digital wallet tokens could hit scheme
Oped, Chartchai Parasuk, Published on 08/08/2024
» I bet the government never thought of this when they thought of the Digital Wallet scheme. It probably does not make sense to it that there could be millions of people shunning pseudo money, namely Digital Wallet Tokens (DWTs). Perhaps, in the government's mind, a DWT is almost on a par with genuine money -- fiat money.
Govt has shallow pockets for virus fight
News, Chartchai Parasuk, Published on 26/03/2020
» There is no need to say that the impact from Covid-19 has been brutal to all economies. The International Monetary Fund (IMF) has just warned the world economy is most likely to enter recession in 2020 with negative economic growth. On Jan 9, the IMF released its World Economic Outlook report projecting that global economic growth would be a positive 3.3%.
Thai economy nearing 'do it, or die'
Oped, Chartchai Parasuk, Published on 19/08/2021
» In my previous articles, I have suggested the economy is in bad shape, and that at least 2 trillion baht in economic relief packages is needed to prevent the economy from collapsing.